The webcast and call will feature a presentation on operating and
financial performance, followed by questions from investors invited to
participate in the interactive portion of the discussion. Parties
listening via the webcast will be in a "listen-only" mode.

Access to the call will be via a link called "2009 First Quarter
Earnings Call" at that date and time on the home page in addition to the
investor relations page of A&B's corporate website at www.alexanderbaldwin.com.
Slides that will provide a background for the comments on the call will
be available for download at 8:40 a.m. EDT. Approximately three hours
after the call, an archived replay will be available on the A&B site.
The replay will remain available through May 8, 2009.

The Company plans to release its earnings after the market closes on
Thursday, April 30. Upon confirmation that the earnings have been made
public, the earnings release also will be available at the A&B website.

Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in
ocean transportation and logistics services through its subsidiaries,
Matson Navigation Company, Inc. and Matson Integrated Logistics, Inc.
and Matson Global Distribution Services; in real estate, through A&B
Properties, Inc.; and in agribusiness, through Hawaiian Commercial &
Sugar Company and Kauai Coffee Company, Inc. Additional information
about A&B may be found at its web site: www.alexanderbaldwin.com.